CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.

Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 12/05/2022

Fundamental analysis

12 May, 2022

The British pound is trading sharply lower against the dollar today. It is currently trading at 1.2178. The U.K reported a Quarterly GDP Year-on-Year at 8.7%. The consensus was 9.0%. Month-on-Month GDP printed -0.1% vs 0.0% expected. Quarter-on-Quarter GDP printed 0.8%. The consensus was 1.0%. Month-on-Month Manufacturing Production for March was -0.2% vs -0.5% expected. The Trade Balance for March reported -23.90b vs -18.50b. The United States will report PPI Month-on-Month for April. Initial Jobless Claims will also be printed.

Technical analysis

Pound - US Dollar Analysis Technical analysis 12/05/2022
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 12/05/2022

Support & Resistance Level Explanation
Resistance 2 1.2322 Daily R2
Resistance 1 1.2274 Daily R1
Support 1 1.2144 Daily S1
Support 2 1.2095 Daily S2

GBPUSD Indicator Table - 12/05/2022

Indicator Signal
SMA 20 Sell
SMA 50 Sell
SMA 100 Sell
MACD( 12;26;9) Sell
RSI (14) Sell
Stochastic ( 9;6;3) Buy

GBPUSD Indicator / Period Table - 12/05/2022

Indicator / Period Day - SellWeek - SellMonth - Sell
MACD( 12;26;9) Sell SellSell
RSI (14) Sell SellSell
SMA 20 Sell SellSell

GBPUSD 12/05/2022 - Reference Price : 1.2198

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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Pound - US Dollar Chart
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